GP Eco Solutions India Limited IPO
NSE SMEListed On: Jun 24, 2024 at ₹ 375.0
₹ 112800 /1200 Shares
Check Allotment14 Jun, 2024
Open Date19 Jun, 2024
Close Date20 Jun, 2024
Allotment Date24 Jun, 2024
Listing DateIssue Price
₹90-94 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
375.0Listing Date
2024-06-24Market Lot
1200 Shares (₹112,800/-)Lead Manager
Corporate Capitalventures Pvt LtdIssue Size
3,276,000 shares(aggregating up to ₹30.79 Cr)Retail Portion
35%Subscription
856.37 timesGP Eco Solutions India Limited IPO Details
GP Eco Solutions India Limited IPO is an SME IPO, priced at ₹90-94 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 32,76,000 equity shares, aggregating up to ₹30.79 crores..
The IPO bidding window is open from Jun 14, 2024 to Jun 19, 2024. The allotment is expected to be finalized on Jun 20, 2024, and the tentative listing date is Jun 24, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,12,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,25,600.
Corporate Capitalventures Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Ss Corporate Securities Limited will act as the market maker for this issue.
GP Eco Solutions India Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 589,200 / 444,000 | 1,032,000 | 2,065,200 |
| Day 1 - 14-06-24 06:00 PM | 2.95 / 76.14 x | 89.46 x | 61.92 x |
| Day 2 - 18-06-24 06:00 PM | 9.48 / 390.36 x | 356.46 x | 264.75 x |
| Day 3 - 19-06-24 06:00 PM | 236.64 / 1825.61 x | 793.20 x | 856.37 x |
GP Eco Solutions India Limited Valuations
EPS Pre IPO
₹4.38/-EPS Post IPO
₹5.39/-P/E Pre IPO
21.44P/E Post IPO
17.44ROE
44.59%ROCE
26.51%Debt/Equity
1.11RoNW
42.70%PAT Margin
8.15Price to Book Value
5.21GP Eco Solutions India Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,715.19 | 1,904.89 | 1,429.81 |
| Revenue | 10,447.63 | 8,352.99 | 4,652.91 |
| Profit After Tax | 369.82 | 277.17 | 96.94 |
| Net Worth | 824.81 | 454.98 | 177.81 |
| Reserves & Surplus | 804.81 | 434.98 | 157.81 |
| Total Borrowing | 1,316.52 | 517.55 | 351.37 |
About The Company
GP Eco Solutions India Limited was established in 2010 and sells solar inverters and solar panels.
The company provides solar energy solutions by offering complete EPC services to commercial and residential customers. The company also distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own Invergy brand. Invergy is involved in the OEM manufacturing of hybrid and LFP products.
The company is authorized dealer for solar inverters products of Sungrow India Pvt Ltd or Sungrow in North India and Saatvik Green Energy Private Limited or Saatvik and LONGi Solar Technology Co Ltd or LONGI in the case of a solar panel North India.
GP Eco Solutions India Limited - Promoter(s)
Pre Issue Share Holding: 86.40%
Post Issue Share Holding: 62.23%
- Mr. Deepak Pandey
- Mrs. Anju Pandey
- Mr. Astik Mani Tripathi
GP Eco Solutions India Limited IPO - Issue Objectives
- To Meet Working Capital requirements of the Company
- Investment in the subsidiary, Invergy India Private Limited (IIPL) in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility
- General Corporate Expenses.
Other Details
GP Eco Solutions India Limited
B-39, Sector-59, Gautam Buddha Nagar, Noida - 201301Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
GP Eco Solutions India Limited IPO - FAQs
Ans. GP Eco Solutions India Limited IPO is a SME IPO. The issue is priced at ₹90-94 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jun 14, 2024, and closes on Jun 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The GP Eco Solutions India Limited IPO opens on Jun 14, 2024 and closes on Jun 19, 2024.
Ans. The size of GP Eco Solutions India Limited IPO is 3,276,000 shares(aggregating up to ₹30.79 Cr).
Ans. The IPO price band is set between ₹90-94 per equity share.
Ans. To apply for GP Eco Solutions India Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find GP Eco Solutions India Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of GP Eco Solutions India Limited IPO is Jun 20, 2024.
Ans. The GP Eco Solutions India Limited IPO will be listed on Jun 24, 2024.
Ans. Follow the steps to check the allotment status for GP Eco Solutions India Limited IPO here.
